Latest Briefings

Portugal: Rent updating coefficient to apply in 2022

Under article 24 of Law 6/2006 of 27 February, which approved the New Urban Renting Rules, and article 11(5) of Decree-Law 294/2009 of 13 October, which approved the New Rural Renting Rules, the National Statistics Institute is responsible for calculating the annual rent update coefficient applicable to urban and rural leases. This coefficient must then be published in a notice appearing in the official gazette, Diário da República, no later than 30 October of each year.

How will costs be treated in a no-fault divorce?

At the end of this month, court fees are increasing. The change is the result of a consultation led by the Ministry of Justice earlier in the year which considered whether court fees should be increased by inflation.

Limited network exemption under PSD2 – EBA consults on Draft Guidelines

In summer 2021 the European Banking Authority published Draft Guidelines on the limited network exemption under the Payment Service Directive 2 for consultation. The Draft Guidelines are meant to foster supervisory convergence amongst the EU’s national competent regulators.

Energy Innovators Roundtable series: Reshaping regulation to recognize the imperative for technological change

Whether they like it or not, energy regulators are the new gatekeepers of the technology shift that is needed to meet Canada’s carbon reduction goals. This will require significant and near-term changes to the construct under which Canada’s utilities have traditionally been regulated. Traditional regulation doesn’t incent utilities to retire technology simply because something better has come along. Should regulation transition from “used and useful” to “better”? Join Gowling WLG for the first 2021 roundtable in the Energy Innovators Roundtable series.

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Deals round-up: significant transactions of last week

Slaughter and May, Kirkland & Ellis, Ashurst and Akin Gump are advising on the restructuring of Valaris, the world’s largest offshore drilling rig operator, which filed for bankruptcy in Houston last week. London headquartered Valaris became the latest casualty of the global slump in oil prices, filing for bankruptcy as it seeks to restructure a […]

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Kennedys set to divvy out pay increases after Covid delay

Kennedys has decided to conduct its annual salary review for staff, having initially postponed it at the start of the Covid-19 pandemic. The firm was set to divvy out salary increases for non-lawyers in May and for lawyers in September. However, this was postponed due to the global pandemic. The firm will now press ahead […]

Neil Gerrard to step down from Dechert

Dechert’s co-head of white-collar crime in London, Neil Gerrard, is set to retire from the firm’s partnership at the end of the year. Gerrard, who will be 66 at the end of the year, will be leaving at the end of 2020 after nine years with the firm. He has not yet been replaced as […]

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